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10 January 2020 | 7 replies
It's a very short hold for a 1031 but since your intent was to hold it for productive use the 1031 would be an option.
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16 March 2020 | 68 replies
I know a lot of investors that have been in your position and just didn't know the product exists.
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11 January 2020 | 5 replies
I feel like I find a new loan product every day.I'm hoping to leverage the Bigger Pockets community for some advice. :) Thanks and have a wonderful 2020!
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10 January 2020 | 1 reply
Once in France, I became the head brewer of an up-and-coming craft brewery and spend the next 2 years refining their products and processes, as well as doubling their production.
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3 February 2021 | 16 replies
As you can see the "meat" of the market here is under $1400 per month.While there are plenty of folks that can afford to pay $1400 per month here the bigger question is why would they do it?
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29 January 2020 | 22 replies
With several Multifamily conferences and summits on the pipeline for 2020, many of those just to sell a product or get your money, do you know of any of recommended MF conference where you can actually gain some knowledge and learn?
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14 January 2020 | 6 replies
(Actionable lessons, how-to's)Scott Brown Carpentry (Enjoyable content, Great production value, how-to's)Paint Life TV (Actionable lessons, how-to's)Bonus: Tarl Yarber is doing some great work putting rehab videos out on @BiggerPockets .com youtube channel as well but they are few and far between for now. investorgirlbritt on instagram has some great content and I think is working with BP but only one youtube video up for now on her account (Brittany Arnason).
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15 January 2020 | 38 replies
Although, I should hit ‘em up since I’m constantly raving about their product.
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12 January 2020 | 6 replies
Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't)
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13 January 2020 | 64 replies
As another mentioned, you pay for convenience, that’s the turnkey’s product.